Parsippany-Troy Hills
RANK #773 / 996 NAT · #18 / 21 NJ · POP 508,816
1YR FORECAST: +1.8%
5YR OUTLOOK: +17%
Morris County, New Jersey, is distinguished by its Revolutionary War history, with Morristown serving as General George Washington's military headquarters during two winters. Located approximately 30 miles northwest of New York City, the county offers a suburban lifestyle with convenient access to metropolitan areas. Commuters utilize NJ Transit rail lines like the Morris & Essex Line for direct service to New York Penn Station. The landscape features rolling hills, valleys, and lakes, with extensive parkland, including the Great Swamp National Wildlife Refuge and Lewis Morris Park, providing abundant outdoor recreation opportunities.
Life in Morris County is characterized by highly-rated public schools and a variety of housing options. The county attracts families and professionals, many of whom commute to nearby cities. The economy is driven by a corporate presence, including pharmaceuticals and advanced manufacturing, with ongoing redevelopment of commercial sites into mixed-use properties. There is also significant investment in industrial and logistics sectors, with new warehouse projects contributing to economic activity.
Below national median (4.7x)
Well below national median
Moderate climate & terrain
Above national median (13x)
Housing is fairly valued at 4.5x relative to local economic output. The typical U.S. county is 4–6x.
Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.
Source: Redfin · Census BPS — Browse sales on Redfin →
Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →
Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →
| PROJECT | AMOUNT | STATUS |
|---|---|---|
|
Riverdale Quarry Redevelopment (Warehouse Space)
Undisclosed
|
$120M | Proposed |
|
Morris County Capital Spending Plan (2026)
Morris County Board of County Commissioners
|
$37M | Planned |
|
Morris County Capital Spending Plan (2025)
Morris County Board of County Commissioners
|
$35M | Planned |
|
Mount Olive Solar Farm
CEP Renewables LLC / NJR Clean Energy Ventures Corporation
|
$26M | Operating |
Source: public records, news, corporate announcements. Amounts are estimates where noted.
Bars show percentile rank among all 996 counties.
At 22/100, Morris County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $130,808 combined with job growth of +0.7% suggests the local economy is struggling to keep pace with national trends.
Morris County leans toward the expensive side. A median home value of $531,800 against an income-to-home-value ratio of 0.25 means housing eats a bigger share of local earnings than the national norm. Renters face $1,814/month on average.
Population and employment in Morris County are both close to flat — population +0.1% YoY and jobs +0.7%. Home values shifted +3.2% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.
There's a moderate stream of newcomers. About 3.1% of residents moved from another state, which is above average and suggests Morris County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.